Amanat Acquisition Corp.’s Lock-Up Period Will Expire on November 16th (NASDAQ:AMAN)

Amanat Acquisition’s (NASDAQ:AMAN) lock-up period will end on Monday, November 16th. Amanat Acquisition had issued 7,500,000 shares in its public offering on May 19th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Amanat Acquisition in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Amanat Acquisition presently has an average rating of “Sell”.

Amanat Acquisition Stock Performance

Shares of NASDAQ:AMAN opened at $10.12 on Wednesday. Amanat Acquisition has a 1 year low of $9.98 and a 1 year high of $10.79. The firm’s fifty day simple moving average is $10.43.

Amanat Acquisition (NASDAQ:AMAN) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. (NASDAQ: AMAN) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its mandate may be carried out through a merger, share exchange, asset acquisition, reorganization or similar transaction. Unlike an operating company, Amanat Acquisition Corp. does not provide products or services to customers through an established business. Its activities primarily involve raising capital through a public offering, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating company.